Investors team up with HP over Autonomy

Former Autonomy executives face an escalation of hostilities with HP, after shareholders of the United States computers giant agreed to join legal action over the acquisition of Autonomy that left HP with huge losses.

HP purchased Cambridge-based Autonomy in 2011 for $11.1 billion (£6.5 billion), but took an $8.8 billion writedown on the software company just over a year later.

HP faced legal action from shareholders over the deal but it today confirmed it has settled these cases. As part of the settlement, plaintiffs will join HP’s attempts to bring claims against Lynch and ex-finance boss Sushovan Hussain.